Summary Located at the base of the Oquirrh Mountains, Daybreak is a mixed-use, walkable community with a full range of resident services and amenities in South Jordan, just southeast of Salt Lake City. The largest master-planned community in the state, it is entitled for over 20,000 homes and 14 million square feet of commercial space and has been developed based on sustainable, smart growth principles. The massive scale of the development and diversity of %,20&+$16-"0 1 6 /" ( /" 1"0,--,/12+&1&"0#,/* /("1Ě/ 1" ##,/! &)&164&1%,21 !!&1&,+ )02 0&!&"0ă3"+4&1% million-dollar mansions nearby, price points for new sales start in the high $100s for townhomes and low $200s for single-family homes, in a region where the median home sales price is $269,900.
Dealmakers ⦁ Mixed-use development ⦁ Variety of housing types and price points ⦁ Green building ⦁ Sustainable development ⦁ Multimodal transportation options ⦁ Pedestrian-friendly design
Overview Location ,21% ,/! +Ǿ1 % Project Type &5"!Ȓ20"Ǿ* 01"/Ȓ-) ++"! ,**2+&16 "3"),-"/ 6 /" (,**2+&1&"0ț#,/*"/)6"++" ,11 +!,*- +6Ȝ "3"),-*"+1 /1+"/0 )1%,/-"00, & 1"0Ǿ"/(")"6Ǿ )&#ǽ "+ 600, & 1"0Ǿ + / + &0 , , &Ǿ )1 ("&16 / +"0&$+00, & 1"0Ǿ&110 2/$% &,&+1,"++" ,11 Housing Types ,/Ȓ0 )"Ǿ/"+1 )Ǿ0&+$)"Ȓ# *&)6Ǿ1,4+%,20"Ǿ +!*2)1&# *&)6 Site Size ǙǾǖǗǛ /"0 Units ǙǾǚǕǕ2+&10 2&)1 ǗǕǾǕǕǕ2+&10"+1&1)"! "3"),-*"+1,010 ʏǗǽǖ &))&,+
38 "3"),-*"+1&*")&+" ǗǕǕǖǿ) ++&+$01 /1"! ǗǕǕǘǿ,+01/2 1&,+01 /1"! ǗǕǕǛǿ ,2+!"/ȉ0 /( ,*-)"1"! ǗǕǕǜǿ 01) ("&)) $" ,*-)"1"! ǗǕǕǝǿ,/1%%,/"&)) $" ǗǕǖǘǿ/""(0&!"&)) $",-"+#,/0 )" ǗǕǕǞǿ /!"+ /(&)) $" ǗǕǖǚǿ "&$%10 /(&)) $" ǗǕǖǘǿ ("&)) $" ǗǕǕǝǿ, ,4&)) $" ǗǕǖǛǿ,21%1 1&,+&)) $" ǗǕǘǕǿ01&* 1"!-/,'" 1 ,*-)"1&,+ Funding Sources ")#ȒƜ+ + "!ț +&1& )&+3"01*"+10Ȝ ,**2+&16"3"),-*"+1/" 0Ǿ,21% ,/! +&16țǗǕǕǝȜ ,21% ,/! +&+#/ 01/2 12/" 00"00*"+1 ,+!țǗǕǖǛȜ
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Development Partners
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Värde Partners In 2016, the Developer sold its Daybreak assets to Värde Partners. The sales &+ )2!"! --/,5&* 1")6ÞÙÙÕ+&0%"!%,*"0&1"0ĄÛĄÞÙÙ /"0,#2+!"3"),-"! land, the Glass House Information Center, the SoDa Row Retail District, Oquirrh Lake and associated secondary water assets. Värde Partners, &++"0,1 Ě 0"!$), )&+3"01*"+1Õ/*Ą% 0 0&$+&Õ +1 presence in Utah, including investments in homebuilding businesses and land developments along the Wasatch /,+1ă+"4 ,*- +6% 0 ""+#,/*"! ))"!Ē 6 /" ( ,**2+&1&"0Ąē4%& %4&)) ,+1&+2"1,* + $" 6 /" (đ0 development on behalf of its new owners.
Planning and Policy
+ÚâáâĄ&,&+1,Ą,+",#1%"4,/)!đ0) /$"01*&+&+$ Communities of Daybreak Courtesy Photo ,*- +&"0Ą ,2$%1"++" ,111 %,--"/Ą company that has had mining operations in the region for decades. As part of the transaction,
39 Rio Tinto also took ownership of a 144-square-mile, 93,000-acre land area along the Oquirrh Mountain foothills. 01 )&0%"! 6&,&+1,&+ÛÙÙÚĄ"++" ,11 +!,*- +6ģ1%""3"),-"/Ĥ4 0 /" 1"!1,* + $"1%"),+$Ě1"/* plans to reclaim and develop much of this acreage.
6 /" (Ą -) ++"!!"3"),-*"+1,+ÝĄÛÙÙ /"0,+1%"4"010&!",#1%"&16,#,21% ,/! +Ą&01%"Õ/01-/,'" 11, reclaim surplus mining land in the region. South Jordan, about 18 miles south of Salt Lake City, had a population of about 50,000 in the 2010 census. Daybreak occupies 36 percent of the land area of South Jordan.
&0&,+#,/1 %ȉ0 /,41% 1 %ȉ06,2+$"/Ǿ%&$% &/1%Ȓ/ 1" During the period that the land for Daybreak was undergoing remedia- “-,-2) 1&,+ /" 1"! !&ƛ"/"+1 1&,+Ą+3&0&,+1 %4 0!"3"),-&+$ 01 1"4&!"2 )&16 /,41%1/ 1"$6 paradigm around how to think centered on voluntary, locally implemented, market-based solutions. ,211%"&*- 1,#$/,41% +! ,2+!"!&+ÚââàĄ+3&0&,+1 %&0 01 1"4&!"Ą+,+-/,Õ1 &3& "+$ $"*"+1 %,41,-/"0"/3".2 )&16,#)&#"#,/ ,/$ +&7 1&,+1% 1"+ ,2/ $"0/"0&!"+10Ą")" 1"!,#Õ & )0Ą!"3"),-"/0 +! ,2/(&!0 +!$/ +!(&!0ǽ ,1%"/01 ("%,)!"/01,* ("&+#,/*"!!" &0&,+0#,/1 %đ0$/,41% +!(""- ” &1Ē " 21)Ą-/,0-"/,20Ą%" )1%6Ą +!+"&$% ,/)6#,/#212/"$"+"/ 1&,+0ăē Ty McCutcheon 6 /" (&+ ,/-,/ 1"!1%"0* /1$/,41%-/&+ &-)"0,#+3&0&,+1 %1% 1 President, Daybreak Communities would minimize sprawl, water use, and congestion and provide a guiding vision for the planning and development of the property.
Density, Entitlements, and the Master Development Agreement The development of Daybreak is governed by a Master Development Agreement (MDA) between the City of South Jordan and the Developer. The City of South Jordan designated Daybreak as a planned community zone (PC Zone), 4%& %-/,3&!"002 01 +1& )Ö"5& &)&16#,/!"3"),-*"+1,-1&,+0ă ,/"5 *-)"Ą ,**"/ & )0- " + " 2&)1&+ +6 ,* &+ 1&,+,#,#Õ "Ą/"1 &)Ą%" )1% /"Ą)&$%1&+!201/& )Ą,/,1%"/20"0ă&1%&+ /, !/ +$"0#,/" %,#1%" neighborhood types in the PC Zone, Daybreak may also develop at any density that the market can support, up to the maximum number of entitled units.
Daybreak was originally entitled in 2003 for 13,000 units and 9 million square feet of commercial space. However, 1%"0"Õ$2/"04"/") 1"//"3&0"!&+ÛÙÙàă,4Ą 1#2)) 2&)!Ě,21Ą1%" ,**2+&164&)) ,+1 &+2-1,ÚÝ*&))&,+0.2 /" #""1,# ,**"/ & ) +!,3"/ÛÙĄÙÙÙ/"0&!"+1& )2+&10Ą,/ßÙ-"/ "+1,#1%",21% ,/! +đ0 +1& &- 1"!ÜÞĄÙÙÙ/"0&!"+1& ) 2+&10ă,*-)"1&,+&0"01&* 1"! 6ÛÙÜÙă"+0&1&"0 1 6 /" (/ +$"#/,*Õ3"1,ÞÙ2+&10-"/ /"ă +,/!"/1, 2&)!&10 full entitlement, Daybreak will need 30 units per acre in its town center, which will contain up to 8,000 homes.
Daybreak Land Area and Entitlements ,1 ) +!/" ǙǾǖǚǜ /"0 -"+- " ǖǾǕǙǕ /"0 Entitlements "0&!"+1& ) ǗǕǾǜǝǚ2+&10 "1 &) ǘǽǚ*&))&,+0.2 /"#""1 ƛ& " ǚǽǘ*&))&,+0.2 /"#""1 +!201/& ) ǚ*&))&,+0.2 /"#""1 Photo Courtesy of Daybreak Communities of Daybreak Courtesy Photo
ǙǕ In 2014, the South Jordan city council, responding to demand from local residents, implemented a moratorium on new high-density projects with more than seven dwelling units per acre. However, as a project in a planned community 7,+" +!02 '" 11,1%"-/,3&0&,+0,#1%"Ą 6 /" (đ0!"3"),-*"+1,-1&,+04"/"+,1 ##" 1"! 61%&0!" &0&,+ă
Master Planning Calthorpe Associates of Berkeley, California, the master planner for Daybreak, laid out a multimodal and walkable network of streets, oriented to create vistas of the mountain ranges that ring the Salt Lake Valley. Daybreak also includes more than 22 miles of trails that link neighborhoods to schools, churches, community centers, Oquirrh Lake and other destinations.
The master plan allows for diverse housing options, focused on for-sale homes; to date, over 90 percent of the housing units are owner-occupied. , /" 1"1%"- 11"/+ ,,(#,/ (Crossing at Daybreak, with 315 luxury apartments, is currently the “Daybreak, we asked people to only multifamily rental property in the development, although others /"-) ++"!ăĤ 6 /" (đ03 /&"16,#0&+$)"Ě# *&)6 +!*2)1&# *&)6 !"0 /& "1%"16-",#+"&$% ,/%,,! residential product types and price points create many opportunities for 4%"/"1%"64 +1"!1,)&3"ǽ affordability. To date, about two-thirds of constructed homes have been ” Ty McCutcheon detached, while one-third have been attached. Ample parks and recre- President, Daybreak Communities ational spaces are integrated throughout the community, and every home is located within a quarter-mile of a park or the extensive trail system.
6 /" (đ01/ +0-,/1 1&,+)&+(0&+ )2!" ),0"-/,5&*&161,,2+1 &+&"4,//&!,/ +! +$"/1"/ &$%4 6ă%" /"$&,+đ0)&$%1/ &))&+"ĄĄ4 0) 2+ %"!&+Úâââ +!+,40"/3"0ßÙĄÙÙÙ/&!"/0! &)6ă4,01 1&,+0,-"+"!&+ 2011, with park and ride lots, are located inside Daybreak. The travel time between the Daybreak South Station and downtown Salt Lake City is approximately 40 minutes by car or train.
Site Development An intensive and thorough period of remediation, restoration and reclamation for the property lasted through the mid-2000s; construction at Daybreak began in 2003.
%"!"3"),-*"+1&0!&3&!"!&+1,ÚÛ-/"!,*&+ +1)6/"0&!"+1& )-% 0"0 ))"!Ē3&)) $"0Ąē" %-) ++"!#,/ --/,5&- mately 1,000 to 1,500 residential units. In addition, the community includes a growing town center that will house regional employment and retail uses, parks, schools, churches, and employment.
As described in the MDA, residential density and the mix of uses are organized by neighborhood, village, and town. 1%"/) +!!"0&$+ 1&,+0&+ )2!"Ē20&+"00 +!"0" / % /(4 6Ąē4&1% -/&+ &- )) +!20",#,#Õ "Ą ,**"/ & ) +!&+!201/& )Ą +!Ē-"+- "Ąē#,/,21!,,//" /" 1&,+ )Ą $/& 2)12/ ),/,1%"/0&*&) /20"0ă
Site Designation /,00"0&!"+1& )"+0&16 Land Uses "&$% ,/%,,! ,*- / 1&3")6),4Ȓ!"+0&16ǿ &5"!20"ǿ&+$)"Ȓ# *&)6 +!*2)1&# *&)6/"0&!"+1& ) 0 ǚ2+&10-"/ /" 4")) 0,ƛ& "Ǿ ,**"/ & )Ǿ&+!201/& )Ǿ-2 )& ȡ0"*&-2 )& +!/" /" 1&,+ȡ,-"+0- "20"0ǽ &)) $" "!&2*Ȓ!"+0&16ǿ &5"!20"ǿ&+$)"Ȓ# *&)6 +!*2)1&# *&)6/"0&!"+1& ) 0 ǖǝ1,Ǘǚ2+&10-"/ /" 4")) 0,ƛ& "Ǿ ,**"/ & )Ǿ&+!201/& )Ǿ-2 )& ȡ0"*&-2 )& +!/" /" 1&,+ȡ,-"+0- "20"0ǽ Town &$%Ȓ!"+0&16ǿ *-% 0&0,+,ƛ& "Ǿ ,**"/ & ) +!/" /" 1&,+ )20"0Ǿ Ǘǚ1,ǚǕ2+&10-"/ /" 21 )0,&+ )2!"00&+$)"Ȓ# *&)6 +!*2)1&# *&)6/"0&!"+1& )Ǿ -2 )& ȡ0"*&-2 )& Ǿ&+!201/& ) +!,-"+0- "20"0ǽ
Ǚǖ 2 )& 21/" % &,&+1,đ0 ,**&1*"+11,0201 &+ &)&16"*"/$"! 0- /1,# +"##,/11,#,01"/ "11"//") 1&,+0%&-04&1%+"&$% ,/&+$ communities, recognizing that sustainable development should balance a healthy environment, social well-being, +! %" )1%6" ,+,*6ă0 !,2 )"Ě ,11,*)&+"Ą&,&+1,đ00201 &+ )" ,**2+&16Ě 0"!-/ 1& "0 /" )0,!"0&$+"! 1,6&")!/"!2 "!"5-"+0"0#,/)&1&$ 1&,+ +!"+3&/,+*"+1 ) )" +2-Ą$/" 1"/,-"/ 1&,+ )"#Õ &"+ &"0Ą +! "11"/ climate for securing future entitlements.
To initiate the development of the reclaimed mining lands allocated for Daybreak, the Developer collaborated with the City of South Jordan to create a shared vision for building a mixed-use, sustainable community that includes access to rapid transit, recreational and open space, commercial uses, and a range of housing types.
Design %-% 0",# 6 /" (&0 ))"! Ē3&)) $"Ąē4&1%ÚÛ3&)) $"0 planned at build-out. Housing types include large single-family homes, townhomes, condos, mansion homes (a large property made to look like a mansion but actually three separate Photo Courtesy of Daybreak Communities of Daybreak Courtesy Photo town homes), parkside homes (smaller single-family homes arranged around a common green), and solar-powered homes.
,"01 )&0% 6 /" (đ0 --)& 1&,+,#0201 &+ )"!"0&$+ +! transit-oriented development, the Developer commissioned a 180-page Daybreak Pattern Book that prescribes construction requirements such as streetscape features, indoor air and light quality, building materials, landscaping, and garage location.
The residential design is based on the style of historic Salt Lake City neighborhoods. Many of the homes feature large porches and garages in rear alleys. Architectural styles include Colonial "3&3 )Ą/ ×0* +Ą +!& 1,/& +Ą* +6&+ /&$%1 ,),/0ă ,*"0 with a more modern style have also been added to the mix.
%3&)) $" ,+1 &+0 0% /",# *"+&1&"002 % 0-) 6$/,2+!0Ą- /(0Ą community centers, churches, and libraries. The development is designed to be walkable and features over 1,000 acres of open space and 22 miles of walking trails. The villages are sited around a 67-acre recreational lake. All the homes are 4&1%&+ Õ3"Ě*&+21"4 )(,/ &("/&!",# *"+&1&"0 6 /" (+"&$% ,/%,,!0% 3" such as shopping or parks. Six community gardens are “!&ƛ"/"+10 )"0 +!!"+0&1&"0ǽ scattered throughout Daybreak, with nearly 300 individual garden plots +6/"0&!"+10)&("1%"&!" ,# #,/$/,4&+$3"$"1 )"Ą#/2&10Ą +!Ö,4"/0ă1 6 /" (Ą2-1,áÞ-"/ "+1 "&+$ )"1,)&3"&+1%"0 *" of the children walk to school, compared with less than 20 percent in neighboring schools. In 2011, the National Association of Home Builders +"&$% ,/%,,!1%"&/4%,)")&#"ǽ /" ,$+&7"! 6 /" (4&1%&10"01&+*"/& +&3&+$ń-) 1&+2* 4 /! ” Ty McCutcheon for suburban smart growth. President, Daybreak Communities
ǙǗ Most villages contain a wide variety of homes, ranging from condos to large single-family homes. Current villages include:
⦁ Founders’ Park Village:1%"Õ/013&)) $"1, be built, south of Oquirrh Lake. It is also %,*"1,1%" 6 /" ()"*"+1 /6 %,,)ă ⦁ Eastlake Village: 6 /" (đ00" ,+!3&)) $"Ą the main feature of this village is the Oquirrh ,2+1 &+ 11"/Ě 6 &+10"*-)"ă 01) ("&0 )0,%,*"1, 01) (")"*"+1 /6ă ⦁ North Shore Village: Contains more high-density homes at lower price points. Some units are
solar-powered. Communities of Daybreak Courtesy Photo ⦁ SoDa Row: With a name based on its location, in South 6 /" (Ą1%&0&01%" ,**2+&16đ0Õ/01+"&$% ,/%,,!Ě0 )"! retail shopping area with locally-owned stores and restaurants, 1,4+%,*"/"0&!"+ "0Ą +!1%"ÚáÙĚ2+&1 $"4,,!,**2+&16 6&0 , Senior Living. ⦁ Garden Park Village: An over-55 community, also with a range of housing types. When complete Garden Park Village will have over 500 homes, the largest senior living community in Utah. ⦁ South Station Village: Home to the University of Utah South Jordan Health Center, rental apartments, and 1,4+%,*"0Ą+" / 6 /" (đ00,21%"/+01 1&,+ +!0,21%4"01,#1%") ("ă ⦁ Creekside Village: Opened in 2013 and located to the northwest of the lake. ⦁ Lake Village:5" 21&3"%,20&+$,+14,-),10,#) +!1,1%"+,/1%" 01 +!+,/1%4"01,#1%") ("ă ,*"0&+1%&0 village are some of the largest and most expensive at Daybreak. ⦁ Heights Park Village: One of the last single-family home villages.
Green Building 6 /" (đ0%&$%Ě-"/#,/* + "Ą"+"/$6Ě"#Õ &"+1%,*"0-/,3&!"*,/" ##,/! &)&16#,/%,*",4+"/0 6/"!2 &+$ "+"/$6 &))0ĝ +&*-,/1 +1 00"1&+ )&* 1"4&1%%,1!"0"/102**"/0 +! ,)!*,2+1 &+4&+1"/0ă%" 3"/ $"+"4 %,*"&+ 6 /" (&0ÛÙ1,ÜÙ-"/ "+1*,/""#Õ &"+11% +1%" 3"/ $"+"4%,*"")0"4%"/"&+1%"/"$&,+Ą0 3&+$ homeowners anywhere from $600 to over $1,500 annually.
Daybreak has several elements to support green building, including:
⦁ )) 6 /" (%,*"0 /" ÜăÙĚ "/1&Õ"!Ą4&1%%&$%Ě-"/#,/* + "1%"/* )"+ ),02/"Ą%" 1&+$ +! ,,)&+$0601"*0Ą4 1"/* + $"*"+10601"*0Ą +!"+"/$6Ě"#Õ &"+1)&$%1&+$ +! --)& + "0ă ⦁ ,01 ,**"/ & ) 2&)!&+$% 3" ""+/".2&/"!1, "Ě/ 1"!ă ⦁ Many of the Daybreak houses have solar and thermal panels and other energy-saving features. ⦁ Daybreak has more than 1,000 acres planned as open space. Most of this open space is irrigated with secondary water and landscaped with a combination of sod and water-wise native plants. ⦁ Builders and contractors at Daybreak participate in a program to recycle three-quarters of all home construction waste. ⦁ 6 /" (đ001,/*4 1"/* + $"*"+10601"*% 0 ""+!"0&$+"!1,-/"0"/3"$/,2+!4 1"//"0,2/ "0Ą/"1 &+&+$ 100 percent of stormwater onsite from a 100-year rain event. ⦁ Daybreak has a vigorous dust control program for construction activities that exceeds standard industry practice. ⦁ Due to smaller lot sizes, water-saving appliances, drip irrigation systems, drought-tolerant plantings, and less grass, the average housing unit a Daybreak uses 10 percent less water than the average unit in the region.
Ǚǘ Financing Since the land was already owned by Rio Tinto, the site acquisition cost for Daybreak was the historical cost basis. Rio Tinto invested the initial capital to get the project started, including environmental remedia- tion, site improvement, and infrastructure costs.
Following the initial capital investment, the City of South Jordan approved two Community Development Areas (CDA) to rebate to the Developer a portion of the tax increment created through development activities in portions of the community, for a period of 20 years. Aside from this CDA structure, the project was developed through &10,4+ 0%Ö,42+1&)/" "+1)6ă +)&"2,#- 6&+$&*- 1#""0Ą the Developer was responsible for infrastructure development.
However, in 2016, the South Jordan City Council approved a $37 million assessment bond to develop 1,100 acres, moving into the southwest end of Daybreak along the Mountain View Corridor and Trax lines. The funds are dedicated to building the infrastructure needed for the Daybreak expansion and accelerating commer- cial development along Mountain View Corridor. The commercial development will provide an important addition to the local tax base to pay for city services. The development plans also include 2,800 apartments, 1,000 condos and 3,200 single family homes. The bond is structured so that it will be repaid by future development.
ǾǗǕǕǘȔǗǕǖǛ Site Acquisition Historical cost basis 2 )& +#/ 01/2 12/" &+ + &+$ ,**2+&16"3"),-*"+1/" 0 ʏǜǚ*&))&,+ 00"00*"+1/" ,+! ʏǘǜ*&))&,+ Vertical Development "0&!"+1& ) ʏǖǽǗ &))&,+ ,**"/ & ) ʏǝǕǕ*&))&,+ Total ʏǗǽǖ &))&,+
Contracting with Home Builders To develop each village phase, the Developer contracts with participating builders to buy lots on a quarterly basis, 4&1%0,*"Õ+"Ě12+&+$#,/1%"0-" &Õ -/,!2 116-"ă%"-/& ",#),10&0 0"!,+ /"0&!2 )3 )2",#4% 1%,*"0 0%,2)!0"))#,/ +!1%" ,011, ,+01/2 11%"*ă"-"+!&+$,+1%"" +!Ö,4,#1%",3"/ ))* /("1 ,+!&1&,+0Ą1%" pricing is sometimes the result of a competitive process.
ǙǙ Marketing and Management Since breaking ground in 2003, Daybreak is now home to more than 12,000 residents and 4,000 %,20&+$2+&10ă&1%*,/"1% + *&))&,+-",-)"&+1%" )1 ("&16*"1/,/"$&,+Ą,+"&+Õ3"+"4 homes in Salt Lake County today is built in Daybreak. Sales are currently more than 400 units per year, plus leasing of multifamily units. Photo Courtesy of Daybreak Communities of Daybreak Courtesy Photo About 60 percent of Daybreak residents are families with children, with the balance empty nesters, married couples without children, and singles. The Daybreak markets itself as a sustainable, walkable, highly amenitized community, with attractive homes, ample recreational opportunities, and nearby schools.
2&)!"/0- /1& &- 1"&+ * 01"/* /("1&+$-/,$/ *1% 102--,/10 +,+0&1"0 )"0,#Õ "Ą ,**2+&164" 0&1"Ą%,*"ĚÕ+!&+$1,,)0Ą* -0Ą +! ,)) 1"/ )* 1"/& )0ă ,21 1%&/!,#0 )"0 ,*"#/,*/" )1,/0Ą 1%&/!#/,* referrals, and a third from general marketing activities such as promotions and advertising.
The diversity of housing types and range of price points at Daybreak builds in market-rate affordability, although this is more apparent when breaking down the sales prices by housing types. The median sales price was$310,000 for all homes at Daybreak in the second quarter of 2016, which is 15 percent higher than the median home sales price of $269,900 in Salt Lake County. However, the median sales price at Daybreak was $171,500 for condominiums and $235,000 for townhomes.
Some representative new residential units at Daybreak in Fall 2016:
Daybreak Housing Product Square Feet -" &Ɯ 1&,+0 Price Range &)) $", 1&,+ Type /""(0&!"&)) $" Townhomes ǞǛǝȔǖǾǗǙǙ0# ǗǾǖǽǚȔ ʏǖǞǚǾǞǕǕȔʏǗǘǘǾǞǕǕ ǘǾǗǽǚ ,21%1 1&,+ Townhomes ǖǾǗǕǕȔǗǾǕǜǚ0# ǗǾǗǽǚȔ ʏǗǗǞǾǞǕǕȔʏǘǖǛǾǞǕǕ ǘǾǗǽǚ ("%,/" ,+!,*&+&2*Ǿ0&+$)" ǖǾǙǕǙȔǖǾǛǕǕ0# ǗǾǗȔ ʏǗǙǖǾǞǕǕȔʏǗǜǞǾǞǕǕ # *&)6!"1 %"! ǗǾǗǽǚ /!"+ /( ǚǚʭǾ&+$)" *&)6 ǗǾǕǛǚȔǘǾǘǜǞ0# ǗǾǗȔ ʏǘǝǜǾǛǕǕȔʏǙǙǞǾǛǕǕ "1 %"! ǙǾǘ ("%,/" &+$)"# *&)6 ǖǾǜǘǜȔǘǾǞǛǚ0# ǘǾǗǽǚȔ ʏǘǕǚǾǞǕǕȔʏǜǘǞǾǞǕǕ !"1 %"! ǚǾǙǽǚ
Management There is a master association initiated by Daybreak for each new community. As each neighborhood gets established, it transitions to a resident-run association. Daybreak remains responsible for maintenance of community covenant and common areas.
Live Daybreak, a 501(c)(4) organization, is in charge of community programming, funded by a community enhancement #"" 00"00"! 0- /1,#-/,-"/161/ +0#"/0ă%&0#""*201 "20"!#,/ ,**2+&16/"&+3"01*"+11, "+"Õ11%" 00"00"! properties. Programming includes clubs, events and programs that focus around learning, arts, and healthy living.
Ǚǚ 0"/3 1&,+0 +!"00,+0" /+"! " ) * 1&,+ +!0201 &+ &)&16 !!3 )2"ą&,&+1,đ0-/&3 1")6Õ+ + "! environmental remediation of former mining land, combined with sustainable development of the property, created enormous potential for the mixed-use development that is now being realized with Daybreak.
Variety adds interest (and sales): The mix of housing types at Daybreak has met with wide market acceptance.
Mobility matters: Transportation choice, walkability in a mixed-use setting, and transit-oriented design have been strong selling points for Daybreak.
Green building can be done at scale:%"1%"/ ,/ Ą )) 2&)!&+$16-"0*""1!"0&$+ 1"!"+3&/,+*"+1 ) /&1"/& Ą in a successful business model.
Preserve views and open space: plentiful parks and open space areas integrated with residential neighborhoods have been an
Photo Courtesy of Daybreak Communities of Daybreak Courtesy Photo important amenity in Daybreak.
ǙǛ This document is a portion of NAHB’s report How Did They Do It? Discovering New Opportunities for Affordable Housing.
Click here to view the full report.
How Did They Do It? Discovering New Opportunities #,/ƛ,/! )" ,20&+$ Photo Courtesy of Brynn Grey Partners Ltd. Ltd. Partners of Brynn Grey Courtesy Photo